AUD/CAD – 1H – SELLCorrection of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.92675 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 0.93191 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93764 |
| 2nd High | 0.93762 |
| Next High | 0.93191 |
| Current Price | 0.92837 |
| Next Low | 0.92739 |
| 2nd Low | 0.92692 |
| 3rd Low | 0.92675 |